Article: It's a family business.(Management)

RECENTLY, AFTER I FINISHED LEADING a workshop, a beleaguered looking attendee named Bob asked me for advice. After spending several minutes listening to his tale of woe, I stopped his monologue to ask a critical question. "Is this a family business with a couple of high school buddies tossed in for good measure?" The answer was a resounding "Yes!"

Because family relationships can become intertwined with business operations, a family business can drive anyone nuts and strain everyone's patience.

If you have this problem, don't despair. Many family businesses run smoothly and profitably. With imagination and fortitude, they have found ways to implement ...

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